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FEB 23 r BOOK 91 PAGE 81,8 10. MINIMIZE ROAD IMPACT FEE INCREASES - In 1988 the County had estimated a shortfall of $60 million dollars to purchase right-of-way and construct roads over the next twenty years. This cost is figured in the calculation of road impact fees adding to the cost of construction within the County. 11. OPTIONAL SALES TAX CHARGED UP TO CAP OF $5,000.00 IN PURCHASES (PER TRANSACTION) - (A maximum optional additional sales tax paid on each item purchased of $50.00.) Conclusion The Indian River County Board of County Commissioners, on January 31, 1989 passed ordinance 89-6 calling for a county -wide referendum on the levy of the one cent sales tax to be held on Tuesday, March 14, 1989. Shortly thereafter the Optional Sales Tax was endorsed by every City within Indian River County. The Chamber of Commerce, Taxpayers Association, Civic Association, Gifford Progressive League, Board of Realtors, Association of General Contractors and the Treasure Coast Home Builders Association all endorsed the Optional Sales Tax at that time. The voters passed the Optional Sales Tax to go into effect June 1, 1989. (60.3% voted for the tax and 39.7% voted against the tax.) When promoting the Optional -Sales Tax, the Indian River County Board of County Commissioners put additional constraints on the use of the sales tax by promising that proceeds would be used only for essential capital projects that the County would have used tax dollars to complete (i.e. ad valorem, gas tax). It was also emphasized that in the future a good portion of Optional Sales Tax would go towards the purchase of right-of-way and roads to help offset the deficit in the Comprehensive Plan. An additional commitment was made to have a list of projects approved in five year intervals by the Board of County Commissioners in a public hearing. The projects for the first five years were the Jail (Phase III), Health Department Building and Courthouse. All projects have been completed with the exception of the Courthouse scheduled to be finished in the summer of 1994. The planning of the second five year list of projects has been initiated. The Budget Office requested a list of major projects from each department with the projected estimated cost, the year it will be needed, beginning construction date, length of construction time and estimated annual operating costs for five years after project completion. As expected, more projects were submitted than there was money available in the second five years. The County Administrator and Budget office reviewed the requests and have recommended projects that were felt to be consistent with the original plan. During the review process, a significant emphasis was placed on the projects' affect on the County's operating budget. The net affect of projects recommended will result in a net operating cost increase of only. $517,375 over the next five years. Attached is a list of the recommended projects for the Board of County Commissioners review. A general overview will be presented at the January 25, 1994 Board meeting. Prior to scheduling the public hearing, it is anticipated a more detailed explanation would be presented and Board direction provided at a subsequent meeting or workshop. 4